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RE: LeoThread 2024-08-16 05:37

in LeoFinance4 months ago

The defense tech acquisition spree has begun: Autonomous factory startup Hadrian acquires Datum Source

Hadrian announced they bought Datum Source, a software company founded by SpaceX alums that uses AI to help hardware companies find manufacturing partners.

Since 2020, Power has raised $220 million for Hadrian, a largely autonomous factory that mass-produces parts for space and defense companies.

While Hadrian has produced parts for major defense companies, it had to turn away some defense tech startups because startups have to rapidly iterate on product designs, meaning they need one hyper-specific part today and another design tomorrow. Hadrian, which was last valued at around $500 million, would have to constantly set up entirely new production lines, ruining the point of using its hyper-efficient automated factory.

#technology